Press Releases
CheckFree eVent Develops Interface for Exchange Data International's ISO 15022
Corporate Actions Data Feed
ATLANTA and LONDON, Dec. 13 2005 /PRNewswire-FirstCall/ -- CheckFree
Corporation (Nasdaq: CKFR) today announced the development of an ISO 15022
compliant interface to Exchange Data International's (EDI) corporate actions
data feed in CheckFree eVent(TM), a powerful automation and workflow
environment for corporate actions processing.
For EDI, an international provider of back office solutions and securities
data, the release of the ISO 15022 compliant corporate actions feed reinforces
the company's commitment to ISO industry standards. With the support of
CheckFree eVent's superior connectivity and workflow technology, EDI users are
now able to receive, process and share all of their corporate actions data
without the need to convert to and from proprietary data feed formats, a
process that is often time-consuming, processing-intensive and prone to error.
Built on CheckFree's financial messaging technology and supporting all major
messaging standards, CheckFree eVent leverages an integrated architecture,
providing truly global straight-through processing capabilities.
"Our collaboration with CheckFree illustrates the quality of our partnerships
and the industry standard levels reached by our data suites," said Jonathan
Bloch, managing director of EDI. "We are confident that clients of CheckFree
eVent, who have single or multi-sourcing back office data requirements, will
benefit from a comprehensive view of event data, increased efficiency and
reduced risk for their corporate actions processing."
CheckFree eVent is the first solution to automate the end-to-end corporate
actions process by automating the electronic receipt of corporate actions
notifications and providing online management tools to manage the entire
process. CheckFree eVent brings valuable benefits for fund managers, custodians
and brokers involved in both domestic and cross border securities activity. The
application allows these institutions to more efficiently validate specific
corporate announcements and greatly reduce the potential risk that incorrect or
conflicting announcement data could adversely affect subsequent operations,
processes and business decisions downstream from that event.
Geoff Harries, director of STP product management at CheckFree Software said,
"Due to excellent teamwork with EDI we were able to develop and deploy the
CheckFree eVent interface rapidly. EDI customers that utilise CheckFree eVent
will benefit from a fully supported ISO 15022 platform for their corporate
actions data. CheckFree eVent provides an environment whereby proprietary
information from diverse sources can be easily accessed and integrated into a
single, standardised format."
In September this year, CheckFree announced it has been awarded the SWIFTReady
corporate actions label for CheckFree eVent which is built on the same
financial messaging platform as the 2005 SWIFTReady Gold accredited CheckFree
TradeFlow solution. Recently, eVent has also achieved the CityCompass Research
B.I.S.S. Gold Accreditation for Corporate Actions Systems and the designation,
along with the SWIFT accreditation, further reflects CheckFree's commitment to
technology leadership in the corporate actions space.
About Exchange Data International. (http://www.exchange-data.com )
Established in 1994, Exchange Data International is the premier provider of
quality and accurate international securities administration reference data.
The company provides back office solutions and securities data to most of the
major brokerage houses, custodians, and data vendors internationally. In the
decade since it was founded, EDI has garnered a worldwide reputation for high
quality and accuracy of its international securities administration data. EDI
has won acclaim for its innovations and rapid deployment of state- of-the-art
technologies. This has allowed the company to expand both its product range and
its geographic coverage, while retaining its original advantages as a lean
company with low overheads that listens to its clients and responds to their
needs and concerns in a flexible, innovative and cost- effective manner. EDI is
a wholly owned subsidiary of Information Publishing Plc.
About CheckFree (http://www.checkfreecorp.com)
Founded in 1981, CheckFree Corporation (Nasdaq: CKFR) provides financial
electronic commerce services and products to organizations around the world.
CheckFree Electronic Commerce solutions enable thousands of financial services
providers and billers to offer their customers the convenience of receiving and
paying their household bills online or in person through retail outlets.
CheckFree Investment Services provides a broad range of investment management
solutions and outsourced services to thousands of financial services
organizations, which manage more than $1.2 trillion in assets. CheckFree
Software develops, markets and supports software applications that are used by
financial institutions to process more than two thirds of the 12 billion ACH
transactions in the United States. The division also provides operational risk
management, financial messaging, corporate actions, and regulatory compliance
software to more than 1,500 organizations across the globe.
Certain of CheckFree's statements in this press release are not purely
historical, and as such are "forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995. These include statements
regarding management's intentions, plans, beliefs, expectations or projections
of the future. Forward-looking statements involve risks and uncertainties,
including without limitation, the various risks inherent in CheckFree's
business, and other risks and uncertainties detailed from time to time in
CheckFree's periodic reports filed with the Securities and Exchange Commission,
including CheckFree's Annual Report on Form 10-K for the year ended June 30,
2005 (filed September 2, 2005), and Form 10-Q for the quarter ended September
30, 2005 (filed November 8, 2005). One or more of these factors have affected,
and could in the future affect CheckFree's business and financial results in
future periods, and could cause actual results to differ materially from plans
and projections. There can be no assurance that the forward-looking statements
made in this press release will prove to be accurate, and issuance of such
forward-looking statements should not be regarded as a representation by
CheckFree, or any other person, that the objectives and plans of CheckFree will
be achieved. All forward-looking statements made in this press release are
based on information presently available to management, and CheckFree assumes
no obligation to update any forward-looking statements.
Safe Harbor" Statement under the Private Securities Litigation Reform Act
of 1995: Statements in this press release regarding CheckFree Corp's business
which are not historical facts are "forward-looking statements" that involve
risks and uncertainties. For a discussion of such risks and uncertainties,
which could cause actual results to differ from those contained in the
forward-looking statements, see "Risk Factors" in the Company's Annual Report
or Form 10-K for the most recently ended fiscal year
# # #
For further information, please contact:
EDI:
Jonathan Bloch:
+44 20 7269 9150
CheckFree:
Media relations contact: Judy DeRango Wicks:
+ (678) 375-1595
jdwicks@checkfree.com
Investor relations contact: Tina Moore:
+ (678) 375-1278
tmoore@checkfree.com
Web site: http://www.checkfreecorp.com
Please contact us if you have any questions or
wish to discuss your data needs.
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